HC clears way for Mallya's deal with Diageo

Vijay Mallya wanted to sell his stake in the liquor company to reduce debt of KFA which owes around Rs 7,500 crore to lenders. MUMBAI: In a major relief to debt-ridden UB Group, the Karnataka High Court has allowed United Breweries Holdings (UBHL), the ...

In a major relief to industrialist Vijay Mallya, the Karnataka High Court on Friday granted conditional permission to permitted the UB (Holdings) Ltd to sell 13, 612,591 shares of United Spirits Limited (USL) to the Diageo Plc as part of the USL-Diageo deal.

Cancels power of attorney to IDBI Trusteeship on pledged shares; bankers contend this isn't legally possible email this article Subject line: Your Email: Send me a copy: Recipients Id: Type address separated by commas Enter the characters shown in the image.

Close to six months after signing a landmark deal with Diageo, the global spirits major, liquor baron Vijay Mallya is preparing to make a 10 per cent preferential allotment in his flagship company, United Spirits, to the former.This is a sequel to the tepid response by the public shareholders of USL to the open offer by Diageo.The latter got just 0.44 per cent of the intended 26 per cent of equity.It is understood the preferential allotment of 10 per cent will happen before May 26, for which ...

NEW DELHI: Kingfisher Airlines (KFA) promoter Vijay Mallya's assurances of restarting the grounded airline now seem to be running thin even with his old associates. KFA executive vice-president Hitesh Patel, who joined Mallya nine years ago and was ...

For example, a grieving Vijay Mallya shut down his airline, but vowed not to mess with the aspirations of either wannabe cricketing stars or swimsuit calendar girls. So thanks to the magnanimous Mallya, the average Indian man shall be suitably ...

The author has posted comments on this article Asha Rai & Boby Kurian, TNN | Nov 10, 2012, 04.41AM IST BANGALORE/MUMBAI: "I feel sorry for him" or "he has my sympathies" are not the phrases you would ordinarily associate with as flamboyant a person as Vijay ...

"From comfort to cruelty." Vijay Mallya, the owner of , was succinct on Twitter, summing up his team's Pepsi 2013 campaign after their loss to on May 12. Like last year, Bangalore failed to enter the playoffs again, finishing an agonising fifth.In a ...

Heineken UK Ltd,part of global liquor maker Heineken, has acquired 3.21 per cent stake in Vijay Mallya─led United Breweries Ltd (UBL), the latter said. UBL allotted over 84.89 lakh shares, representing 3.21 per cent, to Heineken UK, which is a ...